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Pin to quick picksCapricorn Energy PLC Regulatory News (CNE)

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Senegal update

23 Jan 2025 07:00

RNS Number : 3468U
Capricorn Energy PLC
23 January 2025
 
FOR IMMEDIATE RELEASE 23 January 2025

 

 

Capricorn Energy PLC ("Capricorn" or the "Company")

 

Senegal update

 

 

Capricorn has received a payment of $50m from Woodside Energy after satisfying all terms and conditions under the sale and purchase agreement relating to the disposal of its production sharing contract (PSC) interests in Senegal.

 

The Company remains committed to returning any available proceeds of this contingent payment to its shareholders. The precise amount and timing of distribution remain subject to any disputed tax obligations as outlined in our half year results on 19 September 2024.

 

 

Ends

 

 

Enquiries to:

 

Analysts / Investors

 

Nathan Piper, Commercial Director

Tel: 0131 475 3000

 

Media

 

Diana Milford, Corporate Affairs

Tel: 0131 475 3000

 

 

Billy Clegg / Georgia Edmonds, Camarco

Tel: 0203 757 4980

 

 

 

About Capricorn Energy PLC

 

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert. For further information, visit www.capricornenergy.com.

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UPDFLFERLVIFFIE
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